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AQA AS BUSS2 2a Staff Productivity & Turnover

It is one thing to have the right structures in place and for communication to flow well, but we still need to know how productive people are in their work, and to make sure that they are leaving for healthy, constructive reasons. #BUSS2

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Transcript of AQA AS BUSS2 2a Staff Productivity & Turnover

Labour productivityA measure of the output per worker in a given time.

= output / number of employees in the same period

Calculate:labour productivity per month and labour cost per unit per month

Where output in a given month is 20,000 units and 40 people are employed at a cost of £1,000 per worker.Labour turnoverThe proportion of employees leaving a business over a period of time — usually a year.

Labour turnover for a given period =

number leaving a business × 100------------------------------------average number employed How to increase labour productivityLabour productivity may be increased by:

What is likely to be the effect of an increase in labour productivity on unit labour costs?Measuring the effectiveness of the workforcePt 1 - Labour productivity & turnoverYou are expected to be able to:

Watch this video and draw up a list of the ways in which PayPal are tackling this...Dr Graham WilsonSuppose improved machinery is introduced in our previous example, the number of employees remains the same and output increases to 30,000.

What is labour productivity and labour cost per unit now?Calculate the rate of labour turnover where the average number of staff employed in a firm last year was 250 and the number of employees who left the firm that year was 10.The costs of high 'dysfunctional' labour turnoverHigh recruitment and selection costsHigh induction and training costsA need to redesign jobsReduced productivityLow morale among remaining workersGeneric ways of improving (ie reducing) labour turnoverMonitor your own and benchmark othersExit interviewsRecruitment and selectionInduction and trainingBuild up business-specific human capital (and plan to retain it!)